$KERNEL is facing strong resistance near the 24h high of 0.0638 after a +15% bounce. The price remains in a steep long-term downtrend with significant losses over 30, 90, and 180-day periods. Current volume is below the 5-period average, indicating weakening momentum and suggesting this rally is a retracement within a larger bearish structure.

Entry Zones:

0.0595 - 0.0610

TP1: 0.0560

TP2: 0.0540

TP3: 0.0520

Stop Loss: 0.0630

Risk Management: Use conservative position sizing due to strong downtrend. Secure partial profits at TP1 and move stop loss to break-even to reduce risk.

Follow us for more latest signals on Binance 🔔

trade here $KERNEL

KERNELUSDT

Perp

0.0691

+2.23%